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Analysts Offer Insights on Conglomerates Companies: FedEx (FDX) and Plains GP Holdings (PAGP)

There’s a lot to be optimistic about in the Conglomerates sector as 2 analysts just weighed in on FedEx (FDXResearch Report) and Plains GP Holdings (PAGPResearch Report) with bullish sentiments.

FedEx (FDX)

Goldman Sachs analyst Jordan Alliger maintained a Buy rating on FedEx today and set a price target of $343.00. The company’s shares closed last Monday at $238.65.

According to TipRanks.com, Alliger is a 4-star analyst with an average return of 10.3% and a 61.3% success rate. Alliger covers the Industrial Goods sector, focusing on stocks such as TFI International, Norfolk Southern, and United Parcel.

FedEx has an analyst consensus of Strong Buy, with a price target consensus of $309.71, a 29.3% upside from current levels. In a report issued on January 10, Wells Fargo also maintained a Buy rating on the stock with a $314.00 price target.

See the top stocks recommended by analysts >>

Plains GP Holdings (PAGP)

Raymond James analyst Justin Jenkins maintained a Buy rating on Plains GP Holdings today and set a price target of $13.00. The company’s shares closed last Monday at $10.56.

According to TipRanks.com, Jenkins is a 5-star analyst with an average return of 8.3% and a 61.2% success rate. Jenkins covers the Industrial Goods sector, focusing on stocks such as Phillips 66 Partners, Plains All American, and Cheniere Energy.

Plains GP Holdings has an analyst consensus of Moderate Buy, with a price target consensus of $13.17.

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